The two basic approaches that a country can take as a means to achieve free trade are the
a. unilateral approach and the multilateral approach.
b. short-run approach and the long-run approach.
c. continental approach and the global approach.
d. industry approach and the security approach.
a
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Workers expect inflation to rise from 3% to 5% next year. As a result, this should
A) shift the short-run aggregate supply curve to the left. B) shift the short-run aggregate supply curve to the right. C) move the economy up along a stationary short-run aggregate supply curve. D) move the economy down along a stationary short-run aggregate supply curve.
It is efficient to increase the output of computers if
A. society considers the extra computers more valuable than other goods foregone to produce the computers. B. the opportunity cost of more computers is greater than their marginal utility. C. computer production can be increased only if production of other goods is decreased. D. the price of the computers is equal to their average cost.